FEATURES OF THE IMPLEMENTATION OF RUSSIAN FINANCIAL POLICY IN THE CONTEXT OF SANCTIONS PRESSURE
Abstract and keywords
Abstract (English):
In 2022, Russia experienced maximum sanctions pressure from the EU and the United States, which had a strong impact on the country's economy, and also showed the shortcomings of the previous mechanisms of its functioning. Despite the difficult economic situation, it is necessary to rebuild the Russian financial system based on the needs of an innovative oriented market economy in order to overcome the consequences associated with the introduction of anti-Russian economic sanctions. During the period of structural transformation of the Russian economy, the monetary policy of the state will have to adapt to the changing external and internal conditions of development. A balanced financial policy, effective management and coordination of actions by all stakeholders will contribute to improving the activities of the institutions of the national financial system and meeting the needs of all economic entities in financial resources. The article analyzes financial policy in Russia under the conditions of sanctions restrictions (2021-2023), and also provides forecasts for the draft monetary policy of 2023-2025. The content of Russia's financial policy in modern conditions is revealed. The main directions of using financial resources have been identified. The problems and prospects of further development of the economy, its stabilization and restructuring are analyzed. Economic sanctions are considered, as well as the reasons why they were imposed on Russia. The results of the sanctions pressure on the banking sector are investigated. The measures and actions of the Central Bank aimed at stabilizing and increasing financial stability in the country have been identified. The statistics of inflation and the Central Bank's key rate have been studied. The paper considers the dynamics of real GDP growth in the Russian Federation and the main indicators of the banking sector. The risks of lending and their methods of overcoming are assessed.

Keywords:
sanctions, financial policy, economy, financial system, banking sector, inflation, forecast, budget, exchange rate, risks, credit, key rate
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References

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